Question 1

Can I use a DSCR loan to buy a fixer-upper?

Accepted Answer

Usually no. DSCR lenders want a rent-ready property. Use hard money for the rehab, then refinance into DSCR once it's stabilized.

Question 2

What credit score do I need for each loan?

Accepted Answer

DSCR loans typically require 620–660+. Hard money lenders focus more on the asset and may approve lower scores.

Question 3

How fast can hard money close in Millbrae?

Accepted Answer

Fast — often 5 to 10 business days. That speed is the main reason investors pay the higher rate.

Question 4

Do DSCR loans work for short-term rentals?

Accepted Answer

Some lenders accept Airbnb income projections. Not all do — SRK CAPITAL knows which wholesale lenders allow STR income.

Question 5

Can I refinance hard money into a DSCR loan?

Accepted Answer

Yes. That's a very common exit strategy. Once the property is leased and cash-flowing, DSCR replaces the hard money.

Question 6

Which loan has lower rates?

Accepted Answer

DSCR rates are lower. Hard money carries a premium for speed and flexibility. Rates vary by borrower profile and market conditions.

DSCR vs Hard Money Loans in Millbrae, CA